Home > Energy & Power > Electrical Equipment > Turbines > Micro Gas Turbine Market

Micro Gas Turbine Market Trends

Report ID: GMI6150
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Micro Gas Turbine Market Trends

The rising demand for micro gas turbines in developing nations along with a focus on cost reduction will drive the continued deployment of these units. Increasing adoption of cogeneration systems and expanding use in waste heat recovery applications will further enhance the industry potential. With their compact size, high efficiency, and low emissions, micro gas turbines are well-suited for a variety of applications, particularly in the commercial and industrial sectors.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global market for micro gas turbine was reached USD 115.3 million in 2024 and is estimated to grow at a CAGR of 7.2% from 2025 to 2034, driven by ongoing remote oil & gas operations.

The market for micro gas turbines rated between 50 kW to 250 kW is expected to exceed USD 85 million by 2034, led by their adoption in district heating systems and emphasis on energy efficiency.

The hybrid vehicles application of the micro gas turbine market is anticipated to grow at a CAGR of over 7.5% through 2034, propelled by the demand for long-range electric vehicles and energy-efficient transportation solutions.

The U.S. micro gas turbine market is set to surpass USD 75 million by 2034, due to their deployment in remote oil & gas operations and the need for independent power generation in remote locations.

Major players in the micro gas turbine industry include Aerostrovilos, Ansaldo Energia, Aurelia Turbines, Bladon Jets, Brayton Energy, Capstone Turbine Corporation, Destinus Energy, Erlson Precision Components, Flex Energy Solutions, Kawasaki Gas Turbine, MTT, Solar Turbines, Toyota Motor Corporation, and Turbotech Precision Engineering.